Financial Times

Colombo hosts SAFA's golden jubilee meeting

Colombo will host the milestone 50th assembly meeting of the South Asian Federation of Accountants (SAFA), one of only two apex bodies of the South Asian Association for Regional Cooperation (SAARC), next month.

The SAFA Assembly, comprising the heads of the eight-member associations of the Federation, is the top policymaking body for accountancy related matters in the region. Sri Lanka also hosted the inaugural meeting of the SAFA Assembly in 1984.

"Being selected to host the Golden Jubilee meeting of the SAFA Assembly is an honour for Sri Lanka," said Indrajith Fernando, Vice President of the Institute of Chartered Accountants of Sri Lanka (ICASL) and Chairman of the Organising Committee for the event. "This underlines our close involvement in the evolution and elevation of accounting standards and practices in the region."

Coinciding with this prestigious event, the ICASL has organised a high powered regional conference at which five member nations of SAARC will review their progress towards compliance with International Accounting Standards (IAS), and a separate international workshop by Dr. Paul Pacter, one of the world's foremost authorities on IAS.